For the 2024–2025 budget year, the KP government has enacted an austerity programme.
As per the policy of the Finance Department, the creation of new posts is prohibited in order to minimise expenses.
Nevertheless, the Chief Minister’s approval is required for the establishment of posts for development projects.
It is strictly forbidden to purchase any kind of vehicle.
With the exception of ambulances, fire departments, tractors, trucks, buses, passenger cars, prisoner transport cars, and rescue cars.
Official Spending On Seminars
Official spending on seminars and workshops related to foreign education would be restricted.
And holding these events in five-star hotels will not be permitted.
There are limitations on obtaining provincial money for overseas medical treatment, and employees’ contracts cannot be extended without good cause.
Departments are not permitted to solicit additional or supplemental funds. And they must stay within the budgets that have been allotted to them.
The Finance Minister will preside over frequent meetings of the Provincial Revenue Review Committee, which aims to increase provincial revenue.
The Finance Department must give prior consent before hiring any temporary workers, and no one will be employed to fill the roles of workers who are on leave.
NOC From Surplus Pool
An NOC from the surplus pool is required for recruitment into open positions, and no development initiative may be considered without first receiving approval from the finance department.
For the following three years, departmental and district plans will be made by the Planning and Development Department.
The K-P government also disclosed the current financial year’s fund release policy on Wednesday.
This policy states that 25% of money for current authorised projects will be released before the start of the fiscal year, with cold and hilly areas receiving priority to finish projects before snowfall.
For the first two quarters, there can be no exchange of interdepartmental monies.
For new schemes, the first quarter of the funds will be released, and the remaining amounts will be released over time.
After administrative clearance for updated plans, monies will be released, with all continuing expenses (fuel, utility bills, and salaries) covered in full.
Subsidies and maintenance funds for wheat will be disbursed on an individual basis.
A quarter’s worth of funding will go to medical teaching institutes; the last quarter’s funding will depend on availability.
Funds will be distributed to district administrations on a quarterly basis; however, the release of development funds from the second quarter is contingent upon 60% utilisation.
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